Bill Text: IL HB5480 | 2021-2022 | 102nd General Assembly | Introduced


Bill Title: Amends the Gas Revenue Tax Act. Provides that no tax shall be imposed under the Act from July 1, 2022 through June 30, 2023. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2022-01-31 - Referred to Rules Committee [HB5480 Detail]

Download: Illinois-2021-HB5480-Introduced.html


102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5480

Introduced , by Rep. David A. Welter

SYNOPSIS AS INTRODUCED:
35 ILCS 615/2 from Ch. 120, par. 467.17

Amends the Gas Revenue Tax Act. Provides that no tax shall be imposed under the Act from July 1, 2022 through June 30, 2023. Effective immediately.
LRB102 25077 HLH 34337 b

A BILL FOR

HB5480LRB102 25077 HLH 34337 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Gas Revenue Tax Act is amended by changing
5Section 2 as follows:
6 (35 ILCS 615/2) (from Ch. 120, par. 467.17)
7 Sec. 2. A tax is imposed upon persons engaged in the
8business of distributing, supplying, furnishing or selling gas
9to persons for use or consumption and not for resale at the
10rate of 2.4 cents per therm of all gas which is so distributed,
11supplied, furnished, sold or transported to or for each
12customer in the course of such business, or 5% of the gross
13receipts received from each customer from such business,
14whichever is the lower rate as applied to each customer for
15that customer's billing period, provided that any change in
16rate imposed by this amendatory Act of 1985 shall become
17effective only with bills having a meter reading date on or
18after January 1, 1986. However, such taxes are not imposed
19with respect to any business in interstate commerce, or
20otherwise to the extent to which such business may not, under
21the Constitution and statutes of the United States, be made
22the subject of taxation by this State.
23 Nothing in this amendatory Act of 1985 shall impose a tax

HB5480- 2 -LRB102 25077 HLH 34337 b
1with respect to any transaction with respect to which no tax
2was imposed immediately preceding the effective date of this
3amendatory Act of 1985.
4 Beginning with bills issued to customers on and after
5October 1, 2003, no tax shall be imposed under this Act on
6transactions with customers who incur a tax liability under
7the Gas Use Tax Law.
8 No tax shall be imposed under this Act from July 1, 2022
9through June 30, 2023.
10(Source: P.A. 93-31, eff. 10-1-03.)
11 Section 99. Effective date. This Act takes effect upon
12becoming law.
feedback